After four years at 350 Livingston Street, CPEX Real Estate is relocating to 81 Willoughby Street.
The new 8,000 s/f space in the landmarked building is double the size of the current office.
CPEX will occupy space on the top floor. The unit has 16 ft. ceilings with elaborate stained glass sky lights.
A new build-out will accommodate between 55 and 50 workstations as well as conference rooms, a lunch room and a training room that will feature an extensive library.
“The growth of our sales and leasing teams, in addition to the …

Charter Realty & Development is pleased to announce it has leased 15,000 square feet for a five-screen Alamo Drafthouse Cinema in Manhattan. The Alamo Drafthouse Cinema shows first-run and independent films with in-theatre food and beverage service.

Peter Riguardi, president of operations for Jones Lang LaSalle’s Tristate region, will be the guest of honor at the Realty Foundation of New York’s annual luncheon on May 10, 2012.
The luncheon commences at noon in the Grand Ballroom of the Waldorf Astoria Hotel in Midtown Manhattan.
A commercial real estate veteran with nearly 30 years in the industry, Riguardi joined Jones Lang LaSalle in 2002 in order to expand the company’s platform.
He has been successful in growing the firm’s leasing and investment sales divisions by recruiting some of the City’s most …

Rivertowns Square announced that Robert Redford’s acclaimed Sundance Cinemas has signed a lease to build and operate an 8-screen cinema at the new luxury retail center to be developed on the Saw Mill River Parkway and Lawrence Street in the Village of Dobbs Ferry.
It will be Sundance Cinemas first theatre on the East Coast.
Robert Redford, Sundance Group president said, “I’m so pleased that Sundance Cinemas will be building our first theatre in the Northeast in such a vibrant corridor in the state of New York.  Westchester County has a long …

Adams & Co. Real Estate, LLC, brokered a 15-year, 16,869 s/f lease at 619 West 54th Street for West Side GI, a new ambulatory surgery center.
Jeff Buslik of Adams & Co. Real Estate represented the tenant while Matt Astrachan, Alexis Tener and Ed DiTolla of Jones Lang LaSalle represented the landlord, KBS Realty Advisors, in the transaction.
Although details of the lease were undisclosed, asking rents were $39 per square foot.
West Side GI worked alongside its management partner, Frontier Healthcare, to arrange the deal. Frontier partners with groups of physicians to …

Trinity Real Estate and Havas have finalized a 15-year lease for 260,000 s/f of space on Hudson Street, creating an urban corporate campus for the global advertising and communications services group it was announced by Trinity Real Estate president Jason D. Pizer.
“Having been our tenant at 350 Hudson for many years, Havas has been instrumental in establishing Hudson Square as a hub for ‘creative collar’ companies,” said Pizer.
“This long-term commitment demonstrates the firm’s belief in this community as a vital center for business and its potential for continued growth. We …

By Al Barbarino

Work is set to resume on a new apartment tower on the site of a fatal crane collapse following a $72 million deal by investors to take over the project.
Real estate investment firm CIM Group closed on its majority investment in the high-rise residential tower and retail development located at 303 East 51st Street in Turtle Bay, on the northeast corner of 51st Street.
City records show the group of investors paid $75.2 million for the tower, grouped in with a lot of four surrounding low-rise apartment and …

By Al Barbarino
“It is starting to feel like old times,” in the housing market, according to Corcoran Group CEO Pamela Liebma.

Releasing the company’s first quarter reporter, Liebman said, “The Manhattan market is not in a recovery, it’s ready to run a marathon.”

While median home prices showed little to no change since last year, the number of transactions rose, inventory shrank and there were fewer price cuts.

Capital spending by the City of New York will remain near record levels through Fiscal Year 2013, according to a New York Building Congress analysis of the City of New York’s Preliminary Fiscal Year 2013 Budget.
However, the longer-term forecast of spending and new commitments drops to levels not seen since the middle of the last decade. In the current 2012 fiscal year (July 1, 2011-June 30, 2012), capital spending is anticipated to reach $9.4 billion, higher than all but the two peak years of the current administration; and the fourth-highest …

New York City Economic Development Corporation (NYCEDC) yesterday announced the selection of Equity One, Inc. to redevelop an 80,000 s/f site located along the Broadway retail corridor in the Bronx.
Equity One plans to invest approximately $54 million to construct a new 133,000 s/f, two-story multi-tenant retail development and 130 covered parking spaces on the site, located on 230thStreet between Broadway and the Major Deegan Expressway.
The project is expected to create over 250 new full and part-time jobs and approximately 500 construction jobs.
“The redevelopment of this site, which will ultimately provide …